Which of the Following Is Not Characteristic of Gathering the Information

question 28

Multiple Choice

Which of the following is not characteristic of gathering the information needed to engage in international market segmentation?

• A)Social media sites and the Internet have made it possible to collect all the information needed to segment international markets.
• B)The information needed to segment international markets may be hard to come by.
• C)Obtaining the information required to segment international markets is both costly and difficult.
• D)Not all countries collect or classify their data in the same way.
• E)It is practically impossible to compare the data received across nations in order to form a segment.

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Definitions:

Sourcing Strategy

The approach a company takes to determine how and where it will obtain its products or services.

Lowest Possible Cost

The minimal expense incurred in the production or procurement of goods, often pursued through efficient processes and economies of scale.

Supplier Scoring

A method used to evaluate and rank suppliers based on various performance metrics to ensure quality and reliability in procurement.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, delivery time, and service, ensuring the best compatibility and value for the purchasing organization.